IBOV 176,564.75 ▲ 0.70% IPSA 10,879.65 ▼ 0.77% IPC MEX 67,304.62 ▲ 0.18% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL5.13▲ 0.18% USD/MXN17.43▼ 0.02% USD/CLP932.73▼ 0.76% USD/COP3,202▼ 0.08% USD/PEN3.39▼ 0.34% USD/ARS1,499▲ 0.15% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▼ 0.31% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.31% USD/VES742.37▲ 0.14% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.35% USD/TTD6.75▲ 1.25% EUR/BRL5.84▲ 1.03% BRENT 87.27 ▲ 3.78% WTI 82.33 ▲ 3.87% IRON ORE 161.91 — — COPPER 6.33 ▲ 0.17% GOLD 4,036 — 0.00% SILVER 58.11 ▲ 1.41% SOY 1,218 ▲ 0.50% CORN 482.75 ▲ 5.29% WHEAT 671.25 ▲ 1.32% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,314 ▲ 0.69% ETH 1,916 ▼ 0.18% SOL 73.91 ▲ 0.29% XRP 1.09 ▲ 1.80% BNB 570.32 ▼ 0.03% ADA 0.16 ▲ 1.86% DOGE 0.07 — 0.00% AVAX 6.44 ▼ 1.89% LINK 8.42 ▼ 0.12% DOT 0.76 ▲ 0.28% LTC 45.35 ▼ 1.70% BCH 213.98 ▼ 0.03% TRX 0.33 ▲ 0.24% XLM 0.17 ▲ 0.05% HBAR 0.07 ▲ 0.40% NEAR 1.62 ▼ 2.08% ATOM 1.29 ▼ 0.89% AAVE 98.52 ▼ 2.19% SELIC 14.25% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR16.71▲ 0.12% USD/NGN 1,363 — 0.00% NIKKEI 61,132 ▼ 1.98% CSI300 4,593 ▲ 0.52% HSI 25,717 ▲ 1.60% NIFTY 24,228 ▲ 1.01% KOSPI 5,538 ▼ 8.07% JCI 6,094 ▼ 0.60% USD/JPY163.54▼ 0.19% USD/CNY6.77▼ 0.02% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD1.14▲ 0.08% GBP/USD1.33▲ 0.04% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD1.41▼ 0.11% US10Y 4.6040 ▼ 0.80% IBOV 176,564.75 ▲ 0.70% IPSA 10,879.65 ▼ 0.77% IPC MEX 67,304.62 ▲ 0.18% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL 5.13 ▲ 0.18% USD/MXN 17.43 ▼ 0.02% USD/CLP 932.73 ▼ 0.76% USD/COP 3,202 ▼ 0.08% USD/PEN 3.39 ▼ 0.34% USD/ARS 1,499 ▲ 0.15% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.82 ▼ 0.31% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.31% USD/VES 742.37 ▲ 0.14% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.35% USD/TTD 6.75 ▲ 1.31% EUR/BRL 5.84 ▲ 0.32% BRENT 87.27 ▲ 3.78% WTI 82.33 ▲ 3.87% IRON ORE 161.91 — — COPPER 6.33 ▲ 0.17% GOLD 4,036 — 0.00% SILVER 58.11 ▲ 1.41% SOY 1,218 ▲ 0.50% CORN 482.75 ▲ 5.29% WHEAT 671.25 ▲ 1.32% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,314 ▲ 0.69% ETH 1,916 ▼ 0.18% SOL 73.91 ▲ 0.29% XRP 1.09 ▲ 1.80% BNB 570.32 ▼ 0.03% ADA 0.16 ▲ 1.86% DOGE 0.07 — 0.00% AVAX 6.44 ▼ 1.89% LINK 8.42 ▼ 0.12% DOT 0.76 ▲ 0.28% LTC 45.35 ▼ 1.70% BCH 213.98 ▼ 0.03% TRX 0.33 ▲ 0.24% XLM 0.17 ▲ 0.05% HBAR 0.07 ▲ 0.40% NEAR 1.62 ▼ 2.08% ATOM 1.29 ▼ 0.89% AAVE 98.52 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Bolsonaro tries to clear his environmental villain image in the USA

By · April 21, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The president of Brazil, Jair Bolsonaro, will participate this Thursday in the climate change summit convened by his US counterpart, Joe Biden, an appointment where he will try to get rid of the image of environmental villain amid growing pressure from the international community.

The leader of the Brazilian conservative right has been forced to moderate the tone of his environmental policy after the arrival to power of Biden, whose victory he initially refused to recognize after insinuating there was fraud in the U.S. elections.

Jair Bolsonaro. (Photo internet reproduction)
President Jair Bolsonaro. (Photo internet reproduction)
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With the summit as a backdrop, Bolsonaro took the first step to improve relations with the U.S. after Donald Trump’s electoral defeat and sent a letter to Biden. He said he was willing to work with the international community for the “environmental protection” of the Amazon.

The president, a supporter of the economic exploitation of natural reserves and indigenous lands, shaped his speech for the upcoming summit meeting and pledged to end illegal deforestation in Brazil by 2030.

However, he clarified that his goal would require “voluminous resources” and asked for “all possible support” from the international community.

During his election campaign, Biden warned that Brazil should contain the “destruction” of the Amazon. Otherwise, it could face “significant economic consequences”, and said that, if elected president, as it happened, he would offer Bolsonaro’s government some US$ 20 billion to end deforestation.

The Brazilian president reacted harshly and warned at the time that he would not accept “bribes, criminal demarcations or unfounded threats”.

A CHANGE OF DIRECTION IN THE ANTI-ENVIRONMENTALIST RHETORIC

The abrupt change in course runs contrary to previous proposals advocated by Bolsonaro, a former Army reserve captain who has been in favor of reducing environmental fines, discontinuing indigenous land demarcations, and promoting the interests of rural producers.

The same week that Bolsonaro sent his missive to Biden, the Amazonas state police chief filed a complaint with the Federal Supreme Court to open an investigation against the Minister of Environment, Ricardo Salles, for allegedly obstructing an inspection on timber seizures.

For NGOs, the anti-environmentalist actions and rhetoric of the Bolsonaro government are behind the growing increase in deforestation in the rainforest, which has reached record levels under his mandate.

The devastation of the Amazon has tarnished Brazil’s image and has set off a market alert. A group of 280 companies and environmental movements, including Brazil’s largest banks and agribusiness firms, demanded this month that the government adopt “more ambitious goals” to protect the rainforest.

The demand is in addition to that of an important group of global investment funds, which last year warned of an eventual withdrawal of capital if the government did not strengthen the fight against deforestation and fires.

The criticism was recently joined again by the young activist Greta Thunberg, who pointed out that the Brazilian president failed in the “responsibility” to preserve “the current and future living conditions of humanity”.

PRESSURE AGAINST BIDEN TO AVOID AN AGREEMENT WITH BRAZIL

Several voices have also been raised in recent days to ask Biden not to succumb to a bilateral environmental agreement with Brazil until there is a concrete reduction in deforestation rates.

A group of 36 American and Brazilian performers, among them Leonardo DiCaprio, Katy Perry, and Caetano Veloso published a letter addressed to Biden in which they expressed their “deep concern” with the signing of a possible agreement and asked for “urgent actions” to face the threats to the Amazon.

The environmental activist NGO Greenpeace also took this position, stressing that a bilateral agreement “requires an active dialogue with civil society, traditional peoples and indigenous populations”.

“This has not been done by the current government, which has shown itself to be undemocratic and unwilling to listen,” said Fabiana Alves, Climate and Justice Coordinator for Greenpeace Brazil, in a statement.

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